Presented By :
Mehak Oberoi
Nirmal Maloo
Prasanjit Goswami
Rashi Jain
Sushma Pareek
INDEX
Significance of Budget
What is Union Budget?
Tax Proposal
SIGNIFICANCE OF PERSONAL BUDGET
Controls your money
What you are spending
Policy announcements
Revenue Capital
Receipt Receipts
Plan Expenditure: up
by 20.4%.
Non-Plan
Expenditure: up by
5.5%
Revenue Deficit:
2.1% of the GDP.
Fiscal Deficit: 3.8%
of the GDP.
UNION BUDGET INCLUDES
• Developments in • Central Public Sector
– Agriculture Enterprises,
– Farm credit, • Budgetary resources,
– Irrigation, • Outstanding credit,
– Transport,
– Railways,
• Foreign Trade and
– Subsidies, Merchandise exports,
– Banking system, Insurance, • Differential rate of
Agricultural Insurance, interest.
National Bank for
Agriculture and Rural
Development, Regional
Rural Banks, Housing loans,
Exclusive health insurance,
Capital market,
– Urban and Rural
Infrastructure
Development,
– Industry,
– SMEs,
BUDGET ESTIMATES 2006-07
Plan Expenditure: up
by 20.4%.
Non-Plan
Expenditure: up by
5.5%
Revenue Deficit:
2.1% of the GDP.
Fiscal Deficit: 3.8%
of the GDP.
EFFECT ON VARIOUS SECTORS OF
INDIAN ECONOMY
Agricultural development
Promoting employment
Increasing investment
Augmenting infrastructure
Flagship Programs
AGRICULTURAL DEVELOPMENT
Investments in Water resources - Larger
share for irrigation management of lands. :
Rs.4,500 crore
Increase Farm Credit – Employ new farmers
in credit scheme : Rs.175,000 crore
Banks ordered to help Self-employed groups
Rs.830 crore.
INCREASING INVESTMENT
Equity support to central PSE : Rs.16,901
crore
Net capital support to banking sector :
Rs.22,808 crore
New bill on insurance
Service Tax
Microsoft.
CONTINUED…..
Microsoft filed a suit against the company in
High Court on account of piracy.
Microsoft collected serious proofs against the
company for confirment of infringement.
Microsoft sent a letter to Deepak Raval &
Company.
Prayed for permanent injunction against the
company.
The Court gave decision in favour of
Microsoft.
CONCLUSION
As Microsoft is a very large player in market of
software and IT products, it has a major advantage of
having all the products registered. In India the
scenario seems to be quite different.
This causes serious damage to our economy as all the
pirated softwares are traded undercover and no taxes
are paid to the government, so the government
earnings are reduced to a very large extent.
This would not let any new foreign investments in
India and also the market here would remain
backward.
The individual spending on the software purchasing
expense would be reduced and new technological
developments can also get hindered.
THANK
YOU!!!!